Labor Union: Definition, History, and Examples.

Labor Union: What It Is, Its History, and Examples What was the first labor union? The first labor union in the United States was the Philadelphia Carpenters’ Company, established in 1724. The union was formed in response to a wage dispute between the carpenters and their employers. The carpenters went on strike and demanded a … Read more

Qualified Automatic Contribution Arrangement (QACA).

A qualified automatic contribution arrangement (QACA) is a workplace retirement savings plan that automatically enrolls employees and makes regular contributions on their behalf. Employees can opt out of the plan if they wish, but most do not. The contributions are made to a 401(k), 403(b), or 457 plan, and are invested in a variety of … Read more